Didi warns of nat’l movement against FRDI bill

TMC supremo and West Bengal Chief Minister Mamata Banerjee, at the TMC core committee meeting on Friday, said that just like the way the party had started a national movement against demonetization, it would do a similar one against Financial Resolution and Deposit Insurance (FRDI) Bill, uniting Congress and all anti-NDA regional parties against it.

It was found out that the main point of opposition would be the bail-in clause in the FRDI Bill according to which the government would bail-out a bank trouble, which would, in turn, mean that other stakeholders, shareholders and even depositors would be saving the financial entity.

“It involves the interest of crores of people. We have been told by the CM that the matter would be immediately raised within and outside the parliament. She had also said that TMC would play a pivotal role in bringing all the anti-NDA parties together just like she did in demonetization,” said a senior TMC leader on condition of anonymity. Mamata had earlier done this protesting against demonetization and GST.

Another party source, who was present at the meeting, said that Mamta would be writing to the Central government to scrap the bill. “She asked party MPs to raise it at …read more